Outlookb head DOWN

MACDdirection

Momentumdirection

Weighted M.A.direction

Tue, 22 May 2018 14:17:24 +0300
30 Minutes
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USD/CAD

 

ENTRY 1.27484 TARGETS 1.27345 1.27275 1.27136 1.26962 STOP LOSS 1.27832

 

Scenario 1

The Loonie is currently negotiating between the resistance level at 1.27832 and the support level at 1.27484.  If the sellers’ pressure prevails over the buyers’ pressure, USDCAD will fall through the swing level at 1.27484 activating the immediate profit-levels at 1.27345 and 1.27275.  A protective stop loss at 1.27832 is highly recommended.

Scenario 2

Should the pair manage to exceed the resistance level at 1.27832, it will eliminate the downtrend scenario, generating a buy signal.